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Using ONE moving average to increase odds
In the past I have commented that I tend to trade price only without any indicators. There are reasons for this, especially the fact that every indicator just tells you what you should see in price but don't have the guts to confirm in your own mind without using a crutch of some kind, stochastics or any of the ten million re-done indicators found in here.
But, if I were to use one, and I do, it would be one single moving average. It is up to you to find the one that gives you greatest comfort and results. You may begin bashing me now. |
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Hi
As a trader we should know the basic of price movement ..like D Gann rules , elliot wave , basic pattern recognition ( you should collect as many as possible reversal pattern, breaktrough , flat etc remember history will be repeated again ) + any indicator as an entry point ....use your brain as a pattern database ...maybe we can be a good trader with few indicators involved ?!
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Quote:
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"It's not the strongest species that survive, nor the most intelligent, but the one most responsive to change" -- Darwin. |
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Quote:
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__________________
"It's not the strongest species that survive, nor the most intelligent, but the one most responsive to change" -- Darwin. |
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